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OAG 82-29 is cited in the decision to support the authority of the State Investment Commission to engage in financial transactions such as repurchase agreements under KRS 41.380(2). The citation is used to affirm the legal basis and precedent for the Commission's actions in managing excess cash through investments in U.S. government securities, which is relevant to the discussion of the legality of reverse repurchase agreements.
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Disclaimer:
The Sunshine Law Library is not exhaustive and may contain errors from source documents or the import process. Nothing on this website should be taken as legal advice. It is always best to consult with primary sources and appropriate counsel before taking any action.
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